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| Korsbek OE payment | Rating: 
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| Posted: Wed Apr 23rd, 2008 12:54 pm |
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1st Post |
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Nordstrom 3T WIS 
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I received my email from Poul last night requesting the full payment for the Ocean Explorer. If memory serves the final payment was due prior to shipment, and Poul doesn't have specific information beyond late May or early June. Is anyone else uncomfortable with this? Does anyone have a relationship with Fricker that they could leverage to confirm watch production? Am I being paranoid? The lack of pictures, updates and specifics is frustrating. Of course I am new at this, I haven't purchased a first-run limited edition watch. I'd welcome thoughts from others who have paid deposits on this watch. Thanks, Erik
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| Posted: Wed Apr 23rd, 2008 01:13 pm |
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2nd Post |
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Skipdawg 3T WIS 
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Erik I have seen a few post with a like concern over at WUS now. I pre-paid mine in full but if there are others like wise concerned I can give Poul a call. He is just oh maybe 60 miles to the South of me. Plan is to hook up with him sometime down the road maybe this Summer. But I'll gladly give him a call if you all would like. ;)
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| Posted: Wed Apr 23rd, 2008 01:29 pm |
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3rd Post |
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Skipdawg 3T WIS
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Poul just posted up replies at WUS so no need to call and bug him. :) In short he is waiting for the latest pics from Fricker and it still looks like end of May shipment for the OE unless other wise advised. ;)
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| Posted: Wed Apr 23rd, 2008 01:37 pm |
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4th Post |
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hucky 3T WIS 
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Ill make that payment for you and the watch can be sent to me, no worries here goofy perfect.gif
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| Posted: Wed Apr 23rd, 2008 03:14 pm |
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5th Post |
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Nordstrom 3T WIS
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hucky wrote: Ill make that payment for you and the watch can be sent to me, no worries here goofy perfect.gif Skipdog, have you met Poul? I'm sure he's legit, but this took me off guard a bit.
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| Posted: Wed Apr 23rd, 2008 03:21 pm |
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6th Post |
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Skipdawg 3T WIS
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I have not met with or talked to Poul yet, many email and PM conversations. Like I said he is about 60 miles from me and maybe 3 or 4 miles from my kid brother. Next time I go down to visit my kid brother or have a appt at the VA hospital I plan to try to have a coffee sit down with him if possible.
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| Posted: Wed Apr 23rd, 2008 03:32 pm |
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7th Post |
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IW 3T WIS 
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I'll just give you my opinion as a seller. I hate holding cash for items I don't yet have. Best off getting a non-refundable deposit of 10% or such. That way, there is intent and you are not likely to get screwed. As is seen from many small watch houses, they are at the mercy of many others, so one week turns into one month, yadda yadda. Would you pay a contractor for work done on your house before he's finished? Only material costs. Thus, a deposit seems reasonable here. Just my 2 cents. Thanks- Marc
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| Posted: Wed Apr 23rd, 2008 03:40 pm |
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8th Post |
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Skipdawg 3T WIS
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IW wrote: I'll just give you my opinion as a seller. I hate holding cash for items I don't yet have. Best off getting a non-refundable deposit of 10% or such. That way, there is intent and you are not likely to get screwed. As is seen from many small watch houses, they are at the mercy of many others, so one week turns into one month, yadda yadda. Marc very good points. I may just go back to doing things that way. I use to. This pre-order stuff just ties me up to much. If something goes wrong I have lost the chance at to many other good watches.
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| Posted: Wed Apr 23rd, 2008 06:15 pm |
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9th Post |
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Nordstrom 3T WIS
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IW wrote: I'll just give you my opinion as a seller. I hate holding cash for items I don't yet have. Best off getting a non-refundable deposit of 10% or such. That way, there is intent and you are not likely to get screwed. As is seen from many small watch houses, they are at the mercy of many others, so one week turns into one month, yadda yadda. Exactly...I'm uncomfortable when that the payment terms changed. I don't like to pay in full for work or product that isn't available. Poul said that payment is due "by the end of April or early May", which leaves a lot of wiggle room. He would have been better off by naming a due date. I'm going to hold off for a while and see that happens.
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| Posted: Thu Apr 24th, 2008 11:05 am |
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10th Post |
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duffy0401 3T WIS 
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I paid for both of mine. I can see why you might be a little worried. You just need to do what's best for you. Maybe contact Poul and express your concern. He seems like a good guy. I must say I will feel much better when I see a complete watch and get a delivery date. I'll feel even better when it's on my wrist.yourock.gif  Last edited on Thu Apr 24th, 2008 11:41 am by duffy0401 |
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| Posted: Thu Apr 24th, 2008 11:22 am |
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11th Post |
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KenC Admin 
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Sorry guys, IMO his request is bad business and uncalled for...:shock:...while I realize that he has a need to protect hi investment, a 50% deposit (or one needed to cover his investment cost) is appropriate. Payment in full before the watch is ready to be shipped is totally inappropriate from a business standpoint...you are at risk.
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| Posted: Thu Apr 24th, 2008 05:02 pm |
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12th Post |
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Eric L. 3T WIS 
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Here is my take as someone who is in a couple preorders - one for the O7 LM-7 and one for the Korsbek OE. From what I can tell, Poul has been very up front with information on the OE, and the final watch appears to be exactly as the Fricker blueprints show it to be, with the exception of some dial fonts sizes. At the price he is asking, and the fact that it ships with a bracelet, and everything is made in Germany - it is a real steal, and I do not mind paying preorder/second full payment to secure this piece. I have no reason to believe Fricker, a well respected company, will not deliver the watch at the end of May. The LM-7 deal on the other hand, has been more complicated. Preorder payments were taken in Aug 2007, and as of today, 9 months later, the watch has not been manufactured yet, and it seems they keep changing the design as an excuse for delaying the production even further. I know they want to make it perfect, but seriously it should not take 4 months between sample cases. There have also been no pictures of the dial, bezel, or details of which movement will be used (it was either ETA 2824-2 or SW200, but I think they will go SW200 to save a few bucks). When this piece is finally made, it will be great, but the entire production process (parts are made in China with an unnamed company that does not commit to production dates like Fricker does) is kept for the most part hidden from the 150 people who have put preorder money down for this piece. To top it off, O7 charges extra for a bracelet. Last edited on Thu Apr 24th, 2008 05:02 pm by Eric L. |
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